MARKET BUZZ
Benchmark TOCOM rubber futures jumped on Tuesday as an overnight surge in Shanghai futures prompted a flurry of buying at the opening. (Reuters)
Prices of natural rubber were up in the key wholesale markets of Kerala on Monday, tracking gains in parent contracts on the Shanghai Futures Exchange, traders said. RSS-4 grade rubber was being sold at 140 rupees per kg in both Kochi and Kottayam, up 0.5 rupee from Saturday in Kochi and 1 rupee in Kottayam, Rubber Board data showed. (Cogencis)
Record rainfall in Thailand, in south-east Asia, has caused flooding and devastation. The rain isn’t expected to stop for at least two more days, according to Thailand’s weather department, who warn more flash floods may be on the way. (BBC)
China imported 560,000 tons of natural and synthetic rubber in November, 2016, a rise of 42.8 per cent from the same period of 2015, according to data from the General Administration of Customs. During the first 11 months of this year, aggregate import volume of natural and synthetic rubber was 5.08 million tons, representing a year on year gain of 23 per cent. (Reuters)
India’s natural rubber consumption rose 13.0% on year to 88,000 tn in November, from 77,880 tn, according to data released by the Rubber Board today. The country’s imports of natural rubber rose sharply from a year ago despite a rise in production. India’s natural rubber imports were 43,123 tn during November, up 22.4% on year. (Cogencis)
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Geofin Comtrade
